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UK100 CFD

FTSE Elliott Wave Analysis: Started Another Extension LowerHello Traders, FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended blue wave (X) bounce. Down from there, blue wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting that the decline is unfolding in 3 waves corrective sequence. Down from 7790.17 high, the initial move to 7477.05 low ended red wave W of (Y). The internals of that lesser degree decline unfolded as a Zigzag structure where black wave ((a)) ended in 5 waves at 7614.48 low. Then the bounce to 7665.24 high ended black wave ((b)) bounce. And decline to 7477.05 low ended black wave ((c)) of W in another 5 waves structure. Up from there, the bounce higher to 7639.13 high ended red wave X of (Y). The internals of that bounce unfolded as double three structure where black wave ((w)) ended at 7616.15 high. Black wave ((x)) ended at 7531.24 low and black wave ((y)) of red X ended at 7639.13 high. Down from there, the index has made a new low confirming that red wave Y of (Y) has started and looking for extension lower towards 7323.99-7250.04, which is 100%-123.6% Fibonacci extension area of red W-X. Near-term, while bounces stay below 7639.13 high expect index to extend lower. We don’t like selling it.
TVC:UKXShort
by Elliottwave-Forecast
FTSE UK Stock Index (Aug 2018)This will be my views of FTSE UK Stock Index (Aug 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
OANDA:UK100GBP
by SonicDeejay
1
(LIVE) UK100 INTRADAY COVERAGE - SEE UPDATES SECTIONJust like the title suggests I will be tracking the UK100 futures live throughout the day with updates regarding entries, stops, targets etc. Make sure to stay tuned and pay attention to the updates. Like and comment if you find this helpful. Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
OANDA:UK100GBP
by Aqua_Trader
2
FTSE Elliott Wave View: Calling For Another Leg LowerHello Traders, FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/18 peak ended in black wave ((1)). Below from there, the index is doing a double correction lower in blue (W)-(X) to correct cycle from 3/23/18 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg of the pullback in blue wave (W) at 05/29/18 low (7609.7). The internals of blue wave (W) unfolded as an Elliott Wave Zigzag structure where red wave A ended at 7703.26, red wave B ended at 7738.46, and red wave C of (W) ended at 7609.7 low. Up from there, the bounce to 7793.45 high ended the correction against 5/22/2018 cycle in blue wave (X). The internals of blue wave (X) unfolded as double three structure where red wave W ended at 7772.12, red wave X ended at 7637.52 and red wave Y of the blue wave (X) ended at 7793.38. Then down from there, the index has made a new low below blue wave (W) at 7610.66 low confirming that the next extension lower within blue wave ( Y ) of ((2)) has started. While FTSE100 stays below 7793.38 high, any pullbacks higher is expected to fail in 3, 7 or 11 swings for another leg lower towards the areas of 7496.62 – 7426.56, which is equal legs - 1.236 extension area of blue ( W ) - ( X ) to complete black wave ((2)) correction. Once the equal legs - 1.236 extension area of blue ( W ) - ( X ) reached, the index is expected to find buyers either for a new high or for 3 wave bounce at least. We don’t like selling it in the proposed pullback as the right side remains to the upside in the sequences of 3-7-11 swings
TVC:UKX
by Elliottwave-Forecast
FTSE100 4 Hour Elliott Wave AnalysisHello Traders, In this analysis, we will have a look at the FTSE -0.03% Index in the 4-hour chart. FTSE -0.03% cycle from 2/11/16 low ended at the peak of 01/12/18 (7792.56) in red wave a, and red wave b pullback is proposed to be completed at 03/26/18 low (6869.79). Up from there, black wave ((1)) ended at 7904.55 peak. The rally from 03/26/18 low can be sub-divided in 5 waves with an extended wave 3. Where blue wave (1) ended at 03/27/18 peak (7046.9). Below from there, it ended blue wave (2) correction at 03/28/18 low (6923.9). Up from that low, it ended blue wave (3) at the peak of 05/15 peak (7752.9) and blue wave (4) pullback at 05/17 low (7714.6). Up from there, it ended the cycle from 03/26/18 low in black wave ((1)) at the peak of 05/22 (7907.9). Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/14/18 peak (7792.9). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ) which should offer us a good buying opportunity as long as the pivot at 6869.79 in our distribution system stays intact.
TVC:UKXLong
by Elliottwave-Forecast
FTSE Elliott Wave View: Buying Opportunity SoonHello Traders, In this short-term analysis, we will have a look at the FTSE100. FTSE cycle from 3/28 low is proposed to be completed at 7904 high in black wave ((1)), below from there the index is correcting that cycle & expected to find buyers in 7-11 swings provided the pivot at 6867 low in our proprietary distribution system stays intact. Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/04/18 peak (7774.2). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ). We don’t like selling it and prefer buying the dips at the extreme areas in 7-11 swings as far as pivot at 3/26 low (6865.8) stays intact.
TVC:UKX
by Elliottwave-Forecast
UK100: FTSE 100 Index Trade Set-Ups from Here31st May FTSE 100 Index Update UK100 FTSE bounced away nicely off the support zone at 7600-7580 and really we should have reversed back long off 7600 with stops below 7580. My bad here. But it's beginning to struggle and if you were slick enough to reverse long again without prompting the long stop needs raising to just under 7680 here. Any failure to hold this level will open the door to another short back to 7600-7580 range which must hold up when retested if this index to avoid a more protracted fall over the summer months back to the 7340-7294 range. Returning to the upside in the very near term FTSE is on a knife-edge and trying hard to form a little bull flag using the support line at 7685 as the base - once 7680 fails the flag fails and we get a short opportunity from there, as above. But there is also a chance that the flag will succeed at this point but it will need to push above 7715 here to follow long with stops below 7680 looking for 7745 minimum and 7792 at a likely maximum before it falls away again. For real-time updates for more active traders of the major markets (outside of Crypto) please see the link at top left of main page
OANDA:UK100GBP
by sumastardon
UK100: FTSE 100 Index Trade Set-Ups For Week AheadFTSE 100 Index UK100 Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse wave and chanelled down the smaller falling pair of parallels from the new high. Whist constrained within the channel FTSE remains vulnerable to further selling pressure back to the first minor support line at 7691. Failure to hold here will trigger a shorting opportuninty back to the 7600-75832 range where it should attempt to bounce away to the upside again. Looking beyond that bounce, should 7580 fail further out in time FTSE will likely fall away much further over the summer, to a new downside target in the 7335-7294 range. Returning to the upside FTSE has to break back above the upper parallel carrying the current down-wave for the bears to back off again now - it can do this, but only if 7691 holds up on London open. This level looks key to the near term. It must hold here and bounce up through the upper falling parallel and then hold up on the restest once it is broken above - if we see this kind of price action soon after the open can look to get long with stops under the 7690 level, but still ready to reverse again short if the stop is broken by 10 or more points.
OANDA:UK100GBP
by sumastardon